Pfizer May Go Bankrupt, Financial Markets Realize

“SUMMARY: The stock market may be waking up to the possibility that Pfizer may go bankrupt due to the upcoming Covid vaccine claims. Many parallels can be drawn between the corporate behaviors of Pfizer and Purdue Pharma, another pharmaceutical concern that dishonestly and aggressively marketed harmful products. Purdue Pharma went bankrupt due to the greed and depravity of its leaders, as their “legal protections” evaporated. The same may happen to Pfizer.”

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

One thought on “Pfizer May Go Bankrupt, Financial Markets Realize

  1. The company might go bankrupt but its patents and operations will be taken over on the cheap as always. Similarly, money never disappears but merely finds another home.
    Wash. Rinse. Repeat.

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